Sovereign Debt
Stablecoins are evolving from a niche crypto instrument into a macro-relevant financial layer. This Special Report maps the transmission channels and consequences for the Treasury market, bank funding dynamics, and the dollar’s global footprint.
This week’s US Bond Strategy Special Report takes a look at the two most provocative papers presented at last month’s Jackson Hole conference.
Argentina: Election Results Are A Setback, Not The Endgame…
Budget Battle Signals More Volatility for France…
Colombia: Torn Between Promise And Peril…
US Fiscal Outlook: Waiting For The Riot…
Chart 1
Inflation And Bond Yields Are Headed Lower…
South Africa Cuts Rates, More Easing Likely As Growth Slows…
Despite macro headwinds, the OBBBA clearly favors Industrials, Financials, and Consumer Discretionary equity sectors. A carefully constructed, factor-aware basket in these sectors is well positioned to outperform in a fiscal-driven, uncertain environment.